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Mar 18, 2013
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make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first degree weather update with ma r maria molina. >> maria is in the weather center tracking another storm. is that right? >> yes. a brand new storm impacting portions of the upper midwest today and we are expecting to see snow from the same system into the northeast as we height. we could be seeing significant accumulations especially across places in new england. want to start out with high temperatures. we are seeing wild disparities as far as the temperatures go. take a look at minneapolis. 30 degrees for the high temperature today. it will feel more like january than march. in san antonio you could see record heat 93 degr
make sure we have deficit reduction but don't cut too much too fast. >> dick durbin also optimistic they can move forward. as congress grapples with developing a budget it must deal with another problem that looms it has to pass a continued resolution before march 27th to avert a government shut down. heather, they go on break at the end of this week. we will see what happens. >> of course they do. they are always going on breakdown there. >>> it is time for your first...
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Mar 20, 2013
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any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because it's the rich that have unfair practice. >> neil: have you filled out your brackets? yes or no. have you filled out your brackets? >> no, i haven't done that. i'm going to leave that to the president. he may be late on that too. >> neil: i'm sorry. thank you very much. >> thank you, neil. >> neil: do you remember this? an interview i said senator paul and senator cruz were whacko birds. that's inappropriate and i apologize to them for saying that. >> neil: after that, senator cruz accepted that apology. is senator rand paul about to do the same? and as nevada mourns the death of seven marines, did their senator blame the
any party, any household, any company that says is wants to reduce the deficit by meaning don't raise revenue are not serious about cutting the deficit. >> neil: even though we've raised revenue, bottom line. >> we should be willing to close tax loopholes if we didn't have a deficit, if we didn't have debt. it's the right thing to do. >> neil: we raised taxes. >> i didn't say raise taxes, i said close loopholes. republicans call closing loopholes raising taxes because...
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Mar 26, 2013
03/13
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he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or may as china attempts to curb pollution. byd is backed backed by billionaire warren buffett. new york city mayor michael bloomberg is planning a $12- million tv ad blitz to push for new gun legislation. the specific audience bloomberg wants to reach are senators in 13 states in advance of an upcoming vote on gun reform legislation. he cites national polls that show a vast majority of americans want new legislation. he spoke at an event recently along with vice president joe biden. "if congress does nothing, another 12,000 people will be murdered with guns this year alone
he is tasked with reigning in budget deficits that reach into the billions. china may soon resume handing out subsidies to people who buy electric cars. a couple of years ago, several cities, including beijing, began offering nearly $10,000 to electric car buyers. the deal ended in 2012, but it never really caught on due to the lack of charging stations and high battery costs. the chairman of byd, which is building the plug- in cars with daimler, expects the subsidies could happen in april or...
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Mar 20, 2013
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secondarily, if you say deficit reduction, the partisan are leeched out. we are talking about whether it will work to balance the budget. if along the way 35 million become uninsured, that's sad but we don't talk about it because cbo didn't mention it in the score. that's the great trick of paul ryan to recognize if you only talk about budget deficit, where does your budget put the deficit 20, 30 years from now, the amount of things you sneak in under that cloak that you can never put into the conversation in a serious way in normal times is tremendous. that's the central political innovation of his career. >> the favorite thing in the accounting discussion is compare the government to a family, saying you couldn't -- well, families do run debt, they cannot afford to buy their houses for cash, so they have a thing called a mortgage, which is the national debt of the family in effect. they try to oversimplify everything in this, but is there some break through in this point of republicans saying you know what, the debt isn't such a serious problem? >> there
secondarily, if you say deficit reduction, the partisan are leeched out. we are talking about whether it will work to balance the budget. if along the way 35 million become uninsured, that's sad but we don't talk about it because cbo didn't mention it in the score. that's the great trick of paul ryan to recognize if you only talk about budget deficit, where does your budget put the deficit 20, 30 years from now, the amount of things you sneak in under that cloak that you can never put into the...
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Mar 19, 2013
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i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do they even put it on the tickets they were threatening to stall the whole thing? that would be the first time in the history of the easter egg roll that it would have been cancelled for politics. the only other time it's been cancelled, it's for war. it's a stunning thing but all too justify this administration's temper tantrum over wanting to have a complete free rein to spend as much as they want. >> neil: eggs actually. they don't know. i'm done. i'm done. thank you very much. this will be our lead issue tonight. why this guy who did this dance is really wigging out right now. davi
i thought the increased taxes would maybe go to taking care of some of the deficit. no. it's simply going to continually expanding the size and scope of dot government, and those taxes are on families, just like obamacare is placing taxes on family. you do not hear the republican leadership saying we're the defenders of the american family, of businesses. we want to unleash this economy so that it will absolutely grow. by the way, about that easter egg hunt. why, if they're going to haste do...
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Mar 18, 2013
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paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to communicate with young people and voters as a whole what is important and what isn't. and we have seen him become a hybrid. he is a republican but has a libertarian base and ising which that republicans have been striving for but hasn't found the right candidate and right now rand paul looks like he is on his way. >> neil: obviously ruffled john mccain's feathers, and john mccain kind of apologized for how far this went. react to this. >> in an interview i said that senator paul and senator cruz were whack obirds. that was anyone appropriate and i apologize to them for sayi
paul ryan's plan calls for us getting out of the deficits in ten years. senator paul said, i can do it in five. what do you think of that? >> i think he could and he has put forward plans in the past that show he can. and like i said, going back to the communication factor. he knows how out of control the government is, whether it's sending money to people who are burning our flag or giving money to college students to come up with a menu how we'll eat on mars, and he has an ability to...
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Mar 21, 2013
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if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate problem. only 27% say the debt can be handled in the future. mayor, what do you think? the speaker and the president don't think it's an immediate problem? >> i think the american people are far better economists than the people in washington. the reality we do have a serious debt problem. it's been accumulating now for four or five years. under obama it's been accumulating at massive amounts and there's no serious plan about cutting it. the numbers he was talking about, the cuts, many of which really aren't cuts at all, actually, he hasn't cut anything. he's reduced to some extent the rate of increase, but he
if the sequester stays in you've got over 3 1/2 trillion dollars of deficit reduction already so we don't have an immediate crisis in terms of debt. in fact for the next ten years it's in sustainable place. >> we do not have an immediate debt crisis, but we all know we have one looming. >> greta: turns out a majority of americans disagree with the president and the speaker of the house. a new poll showing, a fox poll, that 68% of americans describe the national debt as an immediate...
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at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big corporations reducing corporate welfare to an even larger extent reigning in tax loopholes, and so-called tax expenditures. the democratic budget and senate budget is a very good place to begin. i think the progressive caucus's budget is much better. >> analysts are saying this budget is to the left of obama. many on the left would say we should have expected that. does this give the president the opportunity to bring people together and get some sort of grand bargain by throwing things less liked under the bus. >> there is not going to be a grand bargain. the right wing controls the republican party. the t
at least we have a budget now and at least democrats now can show that deficit reduction can be done responsible. responsibly. >> the lack of a bunt has been an effective talking point for republicans. why do you think they haven't reached an agreement? >> because they're democrats. they have a hard time reaching an agreement about anything. that's why they're democrats. the progressive caucus shows that it is possible to reduce the budget deficit by taking even more away from big...
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Mar 19, 2013
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the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast that a bit. our responsible approach to what the senate democrats have done, for example. next year alone the senate democrat budget increases spending by $162 billion above what we are spending today. over 10 years, increases the delebt by $7.3 trillion from today's levels despite a massive tax hike that they have. and it adds $1.5 trillion in new taxes. even after that, they still add to the debt, our kids' debt by $7.3 trillion. and again, mr. chair, it never balances. after four years and $6 trillion in debt since a budget was last even passed, the senate democrats' proposal leaves more debt a
the immoral idea that we are going to put more on our plate now, add up deficit after deficit and create a bigger and bigger debt and then make people who don't even exist yet pay for it. why is that political? because, you know what, mr. chair? the people in the here and now can vote. generations in the future, our grandkids who don't exist can't vote. and that's what makes the other approaches we have heard about immoral, wrong political. we balance. we balance within 10 years. let's contrast...
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Mar 21, 2013
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we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan to grow our economy or create jobs. no plan to ever balance the budget. take more. trillions of dollars more to spend more in washington. that's what got us in this mess in the first place. so what can be done? the good news is that we now have a vehicle for regular order. the democrats derailed the budget process each of the last few years and stopped governing when they stopped budgeting. at least we now have a budget process that's moving. we brought them back in the game this spring. that's a good thing. so what's going to happen in the we
we have a jobs deficit. we have a budget deficit. and these are the byproducts of a leadership deficit. we still have no budget from the president, in violation of the law. he gets his ncaa bracket in on time but still no budget. this is the fourth time in five years. he set a new record this year, two months with no plan, while we had trillion-dollar deficits and a debt crisis on the horizon. his party leaders, unfortunately, failing offering a serious account of our challenge. no serious plan...
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Mar 18, 2013
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they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any budget, whether it be the democratic caucus, the white house budget or the republican budget. we have doubled down on jobs in the c.b.c. budget. ms. brown: thank you, madam chair. mr. horsford: continuing on, as the chairwoman of the c.b.c. just talked about, the congressional black caucus budget is an alternative budget for the fiscal year 2014. it puts forth a plan that reduces the deficit by $2.8 trillion over the next decade and creates millions of jobs through significant investments toward job creation that will accelerate our econom
they're not talking to me about the deficit. they want to know what we're doing as far as putting the american people to work. can you expound upon that for me please? ms. fudge: absolutely. i thank the gentlelady. what we have done in this budget, not only did we put in $13 billion for work force training, for job corps, for dislocated workers, retraining, segment training but in total we have almost $500 billion worth of job creation built into our budget. more than any budget, more than any...
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Mar 21, 2013
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the miami heat fought back from a 27-point deficit to beat the cleveland cavaliers extending their winning streak to 24 games. they have nine to go before tying -- >> unbelievable -- >> all-time -- you should have been sleeping instead of watching. too good. >> there's history to be seen. >>> finally imagine being 9 years old and having a dinosaur species named after you. well, daisy morris doesn't have to imagine. a few years back she uncovered a fossil on an england beach and scientists eventually concluded it was an unknown species of flying dinosaur and look at the name they have given it, vectidraco daisymorrisae. she is so passionate. one expert said her bedroom looks like a natural history museum with all the fossils. how about that for show and tell. >> robin? >> that's great. >> okay, you two. >>> now to what could be a major breakthrough in the fight against cancer. we're very excited about this. in a clinical trial patients' own immune cells were altered to fight a deadly form of leukemia. one patient is said to be cancer-free after just eight days of treatment. abc's chief medi
the miami heat fought back from a 27-point deficit to beat the cleveland cavaliers extending their winning streak to 24 games. they have nine to go before tying -- >> unbelievable -- >> all-time -- you should have been sleeping instead of watching. too good. >> there's history to be seen. >>> finally imagine being 9 years old and having a dinosaur species named after you. well, daisy morris doesn't have to imagine. a few years back she uncovered a fossil on an england...
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Mar 21, 2013
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when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of this country is disappearing, and we have 46 million people living in poverty. so common morality, basic morality says who do you ask most significant throeu help with deficit reduction? do you tell annoyed worker who is trug -- do you tell an unkphroeud -- do you tell an unemployed worker we're going to balance the budget on your back or do you say to a huge profitable corporation that in some cases is paying nothing in taxes, we're going to ask you to help us with deficit reduction? mr. president, it is important for us to do what we do too rarely on the floor of the senate: take a hard look
when you're dealing with deficit reduction -- i just described how we got into a deficit situation. but when you're dealing with a deficit situation and you say we need to make sacrifices, it is absolutely appropriate and ask who is best able to make those sacrifices? and right now, as i think most americans know, the wealthiest people in this country are doing phenomenally well. large corporations are enjoying record-breaking profits. that's one group of people. meanwhile, the middle class of...
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we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to you. he may be exploiting it but, o'reilly, here is the difference. he did not say -- you read that thing. did he not say -- he said in the future this could be a similar situation could happen. >> bill: he didn't say the future. >> he did not link the two of these together. it's semantics. let's not waste the time. his timing was bad. his timing was terrible. >> bill: when the email come in i guarantee you it's going to be 100 to 1 against you on that issue. >> what else is new? >> bill: not going to have anything to do with politics. people hear what is said. >> i understand that. >> bill: t
we have cut already huge amounts of money in deficit reduction. it's just not appropriate. all right. mr. president, that our military can't train and do the maintenance necessary, tieing it directly into the sequester. these men and women, our marines, were training here in hawthorne and with this sequester is going to cut this stuff back. now, beckel, please, he is he doing -- is he exploiting, is he making the sequester the issue in the training accident. >> let me say one thing to...
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according to the weekly standard after running deficits 350,000 a year for years. the senate hair care center is and according to the sergeant at arms who is responsible for trying out the new model, government subsidized haircuts shaves and shine will be a thing of the past and you the taxpayer will no longer foot the bill for the grooming of your senators. the american taxpayers have forked over 5.25 million dollars for, yes, senate hair care. pretty unbelievable, or maybe not. because we do know how important the perfect haircut is well, to certain senators. remember john edwards? remember this? ♪ i feel pretty, oh so pretty ♪ ♪ i feel pretty and witty and bright ♪ ♪ >> oh, what a classic. that's all the time we have left this evening. as always, thank you for being with us. let not your heart be troubled, the news continues. greta is next and see you back here tomorrow night. greta, take it away. >> greta: this is a fox news alert. an 8th marine has died after a mortar shell explosion during a training accident in nevada. several marines were also hur
according to the weekly standard after running deficits 350,000 a year for years. the senate hair care center is and according to the sergeant at arms who is responsible for trying out the new model, government subsidized haircuts shaves and shine will be a thing of the past and you the taxpayer will no longer foot the bill for the grooming of your senators. the american taxpayers have forked over 5.25 million dollars for, yes, senate hair care. pretty unbelievable, or maybe not. because we do...
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washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to be to balance the budget over the next ten years, i'm not sure we're going to get very far. and this is the whole issue. we have a spending problem here in washington, and it's time to solve the problem. >> we're hearing different things coming from various republicans, including senator bob corker. he's a republican of tennessee. he says he's optimistic about the possibility of what's called a grand bargain, and he's open to the idea of raising tax revenues to cut the deal under certain circumstances. senator corker's joining us now from capitol hill. senator, thanks very much for coming in. >> good to be with yo
washington right now, can president obama and republicans reach a long-term agreement on reducing the deficit? >> the answer, different depending on which republican you ask. house speaker john boehner doesn't sound very hopeful. he's standing firm against the idea of increasing tax rates, increasing tax revenue. >> the president believes that we have to have more taxes from the american people. we're not going to get very far. if the president doesn't believe that the goal ought to...
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it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for the last six months. four americans died in the assault on the u.s. consulate including our ambassador chris stevens. senator susan collins says she wants some simple questions answered. quote, are any of the suspects believed to be responsible for the deaths of these four americans including ambassador stevens in u.s. or libyan custody? how many suspects in the attacks are still at large? a few other questions after that. virginia republican congressman frank wolf has been fighting for answers in benghazi. he is our guest now. sir, good morning, welcome back. >>
it claims that it reduces the deficit over 10 years by $1.5 trillion. that is not correct. [ male announcer ] in blind taste tests, even ragu users chose prego. prego?! but i've been buying ragu for years. [ thinking ] i wonderhat other questionable choices i've made? [ club scene music ] [ sigh of relief ] [ male announcer ] choose taste. choose prego. bill: there's a top republican senator now demanding answers from the fbi director after not being briefed on their benghazi investigation for...
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Mar 26, 2013
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they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network. >> what's the primary reason here? >> there is a few reasons mostly because it costs more money. i am going to show you some numbers. they are really startling. when it feels like we are not making money we always say that. when you look at the data we are not. median household income is over 51,000 dollars. take a look at that on a time line. 6 percent less than when the economic recovery began in summer of 2009 and less than when the recession started. obviously we are not making enough money. all of this data comes from research. they also say one of the key reasons speegsly now because - especially n
they are making up a billion dollar budget deficit. >> stockton, california now. the largest u.s. city to file for bankruptcy. lawyers for the central valley city of 300,000 people are filing chapter 9 to see how it will pay in the pension fund which is the top debt. >> we have stories you can bank on this morning. bad news for your wallet. while many of us are making less than we were four years ago, joining us now to explain why is lauren simonetti from the fox business network....
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you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >> all right. moving on to washington now. >> a lot nicer setting. >> president obama's renewed push for a grand bargain may be showing some early signs of paying off, at least with one top republican. senator bob corker of tennessee says he could envision raising tax revenue if democrats embrace big changes to medicare and social security. corker's position on sunday puts him at odds with other members of his party, including house speaker john boehner who's ruling out the prospect of any new taxes. >> i think there, by the way, is a chance on a deal. i know the president is saying the ri
you need on the one hand to deal with as you well know budget deficits and debt. and on the other hand you need to keep growth going. here's an interesting thing i saw over the weekend just briefly. the recession in greece which is actually a depression, if you line it up against the u.s. great depression in 1929, it looks a lot a like in terms of how much unemployment there is, how much the economy has contracted. greece is having our great depression of the late 1920s. >> wow. >>...
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but they are running deficits of $350,000 a year. time to privatize? >> kimberly: time to supercuts. >> dana: speaking of that, we did a google search. if you let the senators know it would not be the end of the world if you had to give up the senate barbershop. look on the map. there are seven places in walking distance from the capitol to get your hair cut. >> kimberly: now give them coupons to go over there. and give it to the barber and start it up. c'mon, i pay less to get my hair done. >> dana: time to privatize the senate barbershop? >> greg: i don't know. look at the success the barbershops have had. good job, guys. >> eric: you got your hair cut? >> greg: they fell asleep at the wheel. i use the great acres analogy. obama's democrats are like the sexy zaza that could expense every vehicle they have. eddie arnold is the guy that always has to play the bills. we have zsa zsa gabor in the white house. it's great because in a sense they're our mother so they tell us thousand use the microwave. might be at night they give us a bedtime story and we
but they are running deficits of $350,000 a year. time to privatize? >> kimberly: time to supercuts. >> dana: speaking of that, we did a google search. if you let the senators know it would not be the end of the world if you had to give up the senate barbershop. look on the map. there are seven places in walking distance from the capitol to get your hair cut. >> kimberly: now give them coupons to go over there. and give it to the barber and start it up. c'mon, i pay less to...
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so we're right there in a balanced approach for deficit reduction. where the republicans, it was the same thing that romney ryan were proposing before. talk about lessons learned. they may have learned some lessons on immigration reform. they're totally stuck in their own mud when it comes to the budget. >> on the sequester, it seems that for all intents and purposes that will continue to be the law of the land. we're going to pass a government funding bill out of congress. hopefully by the end of this week to avert a government shutdown on march 27th. you mentioned on the conference call two days ago that there really, or yesterday, rather, there's probably no, there's nothing to avert the sequester or replace it, unless there's a large-scale agreement put in place by perhaps the president and speaker boehner by august. is that the truth? should americans really feel that the sequester is here to stay? at least through the rest of this fiscal year? >> well, yeah, there two questions there. unfortunately, it looks like it's here to stay, at least for
so we're right there in a balanced approach for deficit reduction. where the republicans, it was the same thing that romney ryan were proposing before. talk about lessons learned. they may have learned some lessons on immigration reform. they're totally stuck in their own mud when it comes to the budget. >> on the sequester, it seems that for all intents and purposes that will continue to be the law of the land. we're going to pass a government funding bill out of congress. hopefully by...
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deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in mind that two weeks away they have to come up with a continuing resolution by march 27. bill: as ryan says, at least there is baseline for comparison between the two sides. we'll get into that in just a moment here. thank you, kelly wright on the north lawn. martha. martha: the senate then is expected to pick up the debate over the budget proposal from senator patty murray this week. that is due on april the 1st. for a little bit of background and context here, it has been four years, 1419 days to be exact since the last time that the senate passed a budget resolution. that is not a budget. just sort o
deficit reduction i would put as the second priority and one that is coupled with economic growth the so i think we can do both. make sure we have deficit reduction but don't cut too much too fast. >> reporter: bottom line, bill, american people are seeing this over and over again. republicans and democrats fighting on both sides of the aisle and perhaps, they can come together for a grand bargain but just doesn't appear to be the case right now. as they grapple with the budget, keep in...
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Mar 19, 2013
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we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents deduction for that particular deduction. so what we're saying and this is similar to a proposal the president's put forward, is that for folks who are in that very high bracket, the 39% bracket, the value of your deductions will be limited to about 28% which is what the value of deductions is for a middle income taxpayer. >> so ultimately, the budget that you have there and i just read the little chunk of it, you have more revenue increases than cuts, right? >> within, within this particular budget, but if you look, soledad, at the two-year period of reduction we've been engaged in, which is -- includes the
we say, let's take some of that revenue to help reduce the deficit, combined with other targeted cuts. >> be more specific for me. when you talk about tax loopholes and the very wealthy. which specific loopholes and what is very wealthy? >> sure, sure, these are, when you're in the highest tax bracket, you're in the 39% tax bracket when you get a deduction, whatever it may be for, you get 39 cents worth of deduction. whereas somebody who is in the 28% tax bracket only gets 28 cents...
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there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic growth in jobs in the future, but jobs in economic growth now and in the future. this republican budget is not balanced in ten years. >> brian: is he right? is it not in balance? >> no, it does balance in ten years. they're throwing new meaning to the word balance. they say they're taking a balanced approach. the problem is their balanced approach never, ever balances the budget. from what murray and van hollen's standpoint, a balanced approach is another tax increase, only followed up with more spending increases. they think that's the balanced approach. we actually balance the budget by cutting spending and not rai
there is something unique in the baseline where deficits go down to the mid part of the next ten years and then go right back up. what we want to do is get them on a downward path and keep them down. we not only balance the budget, we go into surpluses and pay off the debt. >> brian: here is chris van hollen. he seems to disagree with everything you say. here is an example. >> i'm used to that. >> let me focus first on what our budget focuses on, which is not just economic...
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so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put people back to work. >> yes, and make the sorts of investments that will get people to work today, take a look at pre-k. you are not only employing a lot more full-time teachers but at the same time you are investing in future workers. >> bill: how can it be that you have got -- again, the dough -- these new record highs, corporate profits record high financial institutions are back on their feet and making as much money as they made before and maybe even more so where is all of the money going? >> corporations have been sitting on a lot of funds. so t
so is the deficit really the most thant thing? is the deficit out of control, or is job korea payings more important? >> chris van hollen is right. we have over 40 million american families living in poverty. these numbers carry with them a really human toll. so if we want to be looking at the long-term success of the u.s. economy, then balancing the budget in the short term is a really short-term mistake. >> bill: in other words the best thing we could do to grow the economy is put...
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we always have deficits and debt. how can you not wor pry about that. they do seem integrally involved in phobia, a lot of we don't want anybody else coming to this country. >> yeah, yeah, that's -- that's true, chris. it's this idea that they're losing their country. they fear change. they fear -- they're anxious about the change that we see. we see the browning of america. we see, you know, the gay rights movement is preceding at pace. you know, we saw the first female speaker of the house not too long ago. so it's this change that they have a problem dealing with, chris. and let me get to the point about -- >> why would somebody care -- i always wondered about this. why would somebody who is white care about whether the country is white 100 years from now? they're not going to be here. your nature will change with the country's nature. it does sound like pure racism. if you want the country to be tribally white 100 years from now. i don't know why a black person would care either. why do people speculate the way they think what the country will be li
we always have deficits and debt. how can you not wor pry about that. they do seem integrally involved in phobia, a lot of we don't want anybody else coming to this country. >> yeah, yeah, that's -- that's true, chris. it's this idea that they're losing their country. they fear change. they fear -- they're anxious about the change that we see. we see the browning of america. we see, you know, the gay rights movement is preceding at pace. you know, we saw the first female speaker of the...
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giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. >>> good evening, everyone. i'm carolyn johnson. ama dates has the night off. in tonight's headlines, an emotional candlelight vigil in santa rosa for a 14-year-old boy kigic car tragic car racing accident. marcus johnson died yesterday when he was hit by a sprint car driven by his 17-year-old cousin at a marysville racetrack. >>> a motorcycle driver is dead in walnut creek following a traff
giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore...
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Mar 22, 2013
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and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for cancer? that's a hell of a lot more important than balancing the freakin' budget. that's the first thing wrong with this ryan budget. the second thing is that the ryan budget destroys medicare. still does. we talked about it this is the same damn budget that they passed two years ago, that they passed last year. it would shut down medicare for anybody who is not already in it, cut benefits for those who are, but shut down medicare for anybody who is not in it and replace it with a voucher. a voucher that would not even come close to buying you health care from a private insurance
and also the idea that the federal government can't have a deficit, it's crazy. the republicans have somehow adopted this and sold the american people that the most important thing facing this congress and country is to balance the federal budget. no, it's not. how about creating jobs? how about repairing our infrastructure? repairing our bridges and our highways and sewage treatment plans and all of that? how about investing in new energy projects and new medical advances and a cure for...
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giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore this california. what is behind this disturbing new trend? and a business of a scoop from a pregnant duchess of cambridge. what she is saying today about the sex of her baby. we'll be right back. [ male announcer ] with citibank it's easy for jay to deposit checks from anywhere. [ wind howling ] easier than actually going to the bank. mobile check deposit. easier banking. standard at citibank. makes it easy for anne to manage her finances when she's on the go. even when she's not going anywhere. citibank for ipad. easier banking. standard at citibank. i'm carolyn
giants erased a 7-4 deficit and has some her row ricks. there was a three-run walkoff homer and giants win it big. 9-1 your final. a little golf and tennis coming up in the newscast and see you then. >> can't wait for the tennis wrap up from indian wells. >>> still to come on abc7 news at 11:00, just days away from his official installation, pope francis continues to show his humble side and grows legions of fans in the process. and new concerns about sea lion pups washing ashore...
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on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill: is that a fact? >> zero chain supermarkets in detroit. but 400 liquor stores. how do you get a company to come in there? >> and one of four houses have foreclosure filings. bill: both of you have reflected over time time now about the dysfunction in the government. >> yeah. bull bill so is the only way out for republican governor rick snyder to appoint a guy to say this is what i'm going to cut out, and this is how i'm going to get your house in order? is that the only -- >> >> that's where they're at right now. if not, they go to bankruptcy, and you will see all of your contracts cuts if you do not p
on the screen, $100 million general fund deficit by june of 2013. $14 billion in long-term liabilities, matt, you were referring to this, average unemployment rate of 18% over the past year. i mean, there's nothing good here. >> i mean, honestly, i hate to say this, but there's a point where you just bulldoze detroit. what can you do? you can't get people to move there, you can't get companies to work there. how about this stat? in detroit 400 liquor stores, zero chain supermarkets. bill:...
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will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on all fronts. you've got republicans who daily are holding press conferences wringing their hands trying to figure out how to save their party. and you have a president who, again, he's a 47%, pretty damn good considering everything. but still, he wants to be over 50% and he wants a legacy. he doesn't want to just talk about what he did the first two years. >> i agree. i believe the prospects for progress on both immigration and gun control are gun regulation. if we get progress on the budget and the debt. i think immigration and gun regulations are easier to win. if the
will they give the president a major deficit reduction victory or not? if they really believe that needs to be done and the president put something on the table that gets them significant entitlement reform and savings, i think they've got to do it. >> harold, i think the possibility of deals and immigration, possibility of deals on guns, possibility of deals on the budget, on the long-term debt, i think the possibilities are actually -- excuse me for being optimistic, pretty darn good on...
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just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people losing their health insurance. in a bipartisan move in this budget, there is a directive to couch the effect of the number of people losing their health insurance because of obamacare. it was a republican sponsored saying -- thing. they will try to see how much it is occurring. host: the house approved the continuing resolution by 310- 109. 27 republicans and 82 republicans voted no. theye senate version, passed -- 20 republicans voted yes. the democrat of montana voted no. now that these two measures have been passed by the separate chambers, what happens next? guest: the cr
just calling about the obamacare and also about the deficit in the united states. my feeling is, many workers across america have lost their insurance and have lower wages because of company downsizing and lower profits. we still pay government workers high wages and give them excellent paid insurance. maybe it is time to decrease their wages and to make their -- make them have a payment they have to pay for their insurance -- [indiscernible] guest: interesting point you bring up about people...
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. >> you're going to see the debt and deficit dwindle massively. let's talk about the contest in which dr. carson were speaking, if were talking about the debt and the policy prescriptions of the democrats and the obama administration then he needs to present a counter argument. he needs to present a vision for america that goes against that and he's fnot doing that, he's condemning and criticizing the president's motives, and by insinuation. >> that's absolutely not true. and in fact-- >> disrespectful for the office. >> first of all, he's not run for office. he's not doing this to seek political power, he loves this country. and number one. number two, you mentioned the debt, megyn, this president by the time he leaves office and reelected and we can all agree it that would have added more to the debt than all of his predecessors, including the much maligned george w. bush combined. he had no pro growth, and doesn't protect the balance and the president is delinquent by two months presenting a budget. en you're making your assessment at 5% growth
. >> you're going to see the debt and deficit dwindle massively. let's talk about the contest in which dr. carson were speaking, if were talking about the debt and the policy prescriptions of the democrats and the obama administration then he needs to present a counter argument. he needs to present a vision for america that goes against that and he's fnot doing that, he's condemning and criticizing the president's motives, and by insinuation. >> that's absolutely not true. and in...
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we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest: let government. what the house of representatives is about. written to president obama and respectfully have sked him to really justify and give us the information about the asis upon which -- legal basis -- the use of drones is engaged in as a result of efforts. we are waiting for the response from them on that. think it is important we ask any president questions as members of congress, it is our responsibility to do that and to personally continue to do that. i think that it president has image changed america's and role in the world and is phenomenal job. but that doesn't mean i won't exerci
we have a budget out today that a budget that reduces the deficit, creates jobs, ensures global peace and security. t fights a good fight often without a lot of recognition but just doing a good job. not speaking today on behalf congressional black caucus. we have to hold any president ccountable in terms of checks and balances. that is part of the three ranches of government, udiciary, executive and legislati legislative. we have a duty and ensure that y to people have a voice in their guest:...
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you think our deficit is bad, they don't print that much money in the fed. we don't have that much in the system. jon: jim gray, good to talk to you. thanks, jim. jenna: breaking news out of washington, d.c. the president is officially announcing his nomination for labor secretary. his name is thomas perez. he is standing next to the president. just a few things he should know about thomas perez. assistant attorney general for the civil rights division right now. he spent a lot of time in his career focusing on consumer rights and protection as well. if he is confirmed, the process that takes place after the official no announcement he will be only latino in the president's cabinet. they need to get americans back to work as labor secretary and what kind of role considering his background mr. perez might play in immigration reform and what type of employment policies could be put in place if there is some overarching immigration reform. we'll keep you posted on the announcement. as we hear more we'll bring that to you. jon: it was ten years ago that operatio
you think our deficit is bad, they don't print that much money in the fed. we don't have that much in the system. jon: jim gray, good to talk to you. thanks, jim. jenna: breaking news out of washington, d.c. the president is officially announcing his nomination for labor secretary. his name is thomas perez. he is standing next to the president. just a few things he should know about thomas perez. assistant attorney general for the civil rights division right now. he spent a lot of time in his...
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Mar 22, 2013
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the budgetthing is deficit. i'm calling from manhattan, kansas. we keep borrowing money, spending and spending. what is going to happen when china says we have done enough, your credit limit has been -- host: i think we lost adam. calls.ou for all of your one more look to explain why this is an empty chamber. this is from christie knapp. that is what you are seeing. live continuous coverage of the senate and those votes should get underway shortly. earlier on the senate floor, joe donnelly of indiana spoke in washington about the federal jobs training programs and job skills. >> good morning. i'm bud cramer. welcome you to our event. we're pleased this morning to have three prominent panelists with us, and we will have remarks by the panelists and answers froms and the audience. senators bring together from individuals from washington representing folks from all around the country. we have trade associations, unions, academic experts, and we want to promote good thoughtful discussion across the aisle. we are solutions oriented. we want something t
the budgetthing is deficit. i'm calling from manhattan, kansas. we keep borrowing money, spending and spending. what is going to happen when china says we have done enough, your credit limit has been -- host: i think we lost adam. calls.ou for all of your one more look to explain why this is an empty chamber. this is from christie knapp. that is what you are seeing. live continuous coverage of the senate and those votes should get underway shortly. earlier on the senate floor, joe donnelly of...
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his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in republican presidential primaries lately. sorry about that. how would those issues stack up in new hampshire and iowa and south carolina and florida? >> i think the politics, his politics on pure fiscal issues will have tremendous resonance as his father experienced in some primary states and caucus states. i think what is untested is -- from a -- from a political standpoint is his position on foreign policy. his father never really broke through on the neoisolationist politics at the grassroots level beyond a narrow segment of the electorate. rand who i've spent time talking about these issues is much salvie
his isolationist foreign policy and clan to eliminate federal deficits in five years makes it imprudent to jump in with both feet. consider on tuesday paul endorsed a version of immigration reform that would allow the 11 million or so undocumented immigrants in this country to become legal. the week before he defied the hawks in his party to lead a 13-hour filibuster in protest of the obama admission's secretory over its drone war fare program. >> dan senor, you've been involved in...
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. >> miles, shot off the rim, rebound, and that's the ball game miami comes from a 27-point deficit to beat the cleveland cavaliers 98-95. they have now won 24 games in a row. >> bill: can you imagine being down 27. >> i mean that's -- in the third quarter being down that much is daunting. but it shows just how dominant lebron james is, when he is ready to turn it on, he turns it on, and there is no stopping him. which is different than he used to be. now he is a monster. >> bill: you have got it. we have a great lineup for you for the rest of the program, congress woman judy chu from southern california will be joining us as well as a friend of bill from the "huffington post" and joe, our own foreign policy guru who will bring us up to date on what the president is up to in the middle east and his syria in fact use chemical weapons as has been reported. and the republican party engaged in a sort of a civil war. we'll get into that, but first -- >> announcer: this is the "full court press." >> espn releasing president obama's complete march madness yesterday as the men's tournament get
. >> miles, shot off the rim, rebound, and that's the ball game miami comes from a 27-point deficit to beat the cleveland cavaliers 98-95. they have now won 24 games in a row. >> bill: can you imagine being down 27. >> i mean that's -- in the third quarter being down that much is daunting. but it shows just how dominant lebron james is, when he is ready to turn it on, he turns it on, and there is no stopping him. which is different than he used to be. now he is a monster....
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. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you believe that? >> beat his old team, the cleveland cavaliers 98-95. a triple-double. 12 boards, 10 assists. the heat are now within nine games of the nba record for consecutive wins held by the '71-'72 los angeles lakers. >> do you think they'll do it? >> no. they almost blew it against the celtics, almost blew it against the cavs. they are the best team i've seen in years. i don't think they should ever lose necessarily but that's a lot of games to win in a row. >> i can't believe they were down that much and came back. >> i can't believe you can do that every night. >> i think they're doing it on purpose. >>> recovered
. >>> facing a $1 billion deficit, chicago public school system is making some really big changes. ceo barbara byrd bennett says the district's underutilized skols will be closed. they have not said how many schools are expected to close but opponents say they unfairly target minorities. >>> 24 and counting for the miami heat. but it was not easy. it hasn't been easy the last few games. lebron james and company came back from 27 points down in the third. >> can you...
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why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to maintain. any other organization would go out and sell them. the problem in washington is that the system to sell buildings is the exactly reverse what it should be. >> gretchen: meaning? >> the first priority was the federal building is to see if any other federal agency wants it. there is already 55,000 vacant buildings. so the inventory is too large. next it goes to state and local government choices. then to homeless shelter use and finally it can be put up to sale. it should start to the sale to the private sector or some other entity rather than waiting until everybody
why do we keep spending and how can we trim the deficit? tom shaft is head of citizens against waste. good morning, tom. when you see those kinds of numbers going up and up. what does it do to your blood pressure? >> mine fortunately stays steady otherwise i wouldn't be able to talk about it all the time. >> gretchen: what are the areas we wanted to focus on, real estate, these buildings the government spend money on? >> there are 55,000 that cost $1.7 billion a year to...
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the amendment would not cost any money nor add a penny to the deficit. it encourages the use of current programs in a more wise and coordinated fashion. the presiding officer: the time of the senator has expired. the senator from alabama. mr. sessions: i think we can accept this by voice vote. i would note to my colleagues that the house has nine reserve funds in it. the senate now has about 50. we've adopted already. we've had reserve funds adopted for education, clean energy, infrastructure, farm payments, food stamps, health care, pensions, housing, tooth dekaeurbgs -- decay, and now homeowners. so these create 50 ways to pass taxes more easily. it turns the budget discipline, if we don't watch it, into mush and makes it difficult to do -- maintain the integrity of the budget act and avoids really in some ways the hard work of setting priorities. i think we should do this by voice vote, but i just want to call my colleagues' attention to the fact that reserve funds too readily used can undermine the integrity of the budget process. the presiding offic
the amendment would not cost any money nor add a penny to the deficit. it encourages the use of current programs in a more wise and coordinated fashion. the presiding officer: the time of the senator has expired. the senator from alabama. mr. sessions: i think we can accept this by voice vote. i would note to my colleagues that the house has nine reserve funds in it. the senate now has about 50. we've adopted already. we've had reserve funds adopted for education, clean energy, infrastructure,...